trending Market Intelligence /marketintelligence/en/news-insights/trending/_w8u40xdazsl_40oohq9oa2 content esgSubNav
In This List

Philippine central bank keeps policy rate unchanged

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Podcast

Street Talk | Episode 97: Recessionary fears still keeping bank investors on the sidelines

Blog

Making sanctions effective: Key themes for banks


Philippine central bank keeps policy rate unchanged

The central bank of the Philippines kept its interest rate on the overnight reverse repurchase facility unchanged at 3.0%, saying that inflation remains within target in 2018 and will moderate further in 2019.

The monetary board of the Bangko Sentral ng Pilipinas said upside risks to the inflation outlook persist due to price pressures from minimum wages and transport fares. These could be tempered by non-monetary measures including unconditional cash transfers and transport subsidies, the central bank said.

Domestic activity continued to be firm on the back of strong demand, robust credit and liquidity growth and a sustained recovery in global economy.

"Economic growth remains solid enough to absorb some policy tightening if warranted," the central bank said.